Highly correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
Bitcoin
BTC
|
0.772541 |
details, prediction |
Ethereum
ETH
|
0.7580215 |
details, prediction |
Litecoin
LTC
|
0.68955183 |
details, prediction |
XRP
XRP
|
0.6529562 |
details, prediction |
Stellar
XLM
|
0.642624 |
details, prediction |
|
Second tier
|
EOS
EOS
|
0.7034201 |
details, prediction |
DigiByte
DGB
|
0.59580094 |
details, prediction |
DASH
DASH
|
0.52801186 |
details, prediction |
Tezos
XTZ
|
0.52291274 |
details, prediction |
NEO
NEO
|
0.48764694 |
details, prediction |
|
Third tier
|
Kleros
PNK
|
0.8959651 |
details, prediction |
Dent
DENT
|
0.5737907 |
details, prediction |
V Systems
VSYS
|
0.5360621 |
details, prediction |
Steem
STEEM
|
0.53024966 |
details, prediction |
Bancor
BNT
|
0.4673425 |
details, prediction |
This report should be leaned to get most info about heading trends.
It means that UNUS SED LEO price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.
It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies -
Bitcoin,
Ethereum and
Ripple, so the prediction of their prices will affect the price of UNUS SED LEO
Low correlated currencies
| Coin |
Correlation |
Links |
|
First tier
|
TRON
TRX
|
-0.18675269 |
details, prediction |
Crypto.com Chain
CRO
|
-0.110734165 |
details, prediction |
Bitcoin Cash
BCH
|
0.1392253 |
details, prediction |
KuCoin Shares
KCS
|
0.30254102 |
details, prediction |
ChainLink
LINK
|
0.34547788 |
details, prediction |
|
Second tier
|
Dai
DAI
|
-0.36592576 |
details, prediction |
Zilliqa
ZIL
|
-0.32310465 |
details, prediction |
OriginTrail
TRAC
|
-0.20286638 |
details, prediction |
Verge
XVG
|
-0.09235932 |
details, prediction |
True USD
TUSD
|
-0.055109274 |
details, prediction |
|
Third tier
|
Constellation
DAG
|
-0.6411407 |
details, prediction |
Stox
STX
|
-0.4441088 |
details, prediction |
OPEN Platform
OPEN
|
-0.41384098 |
details, prediction |
BOScoin
BOS
|
-0.27000323 |
details, prediction |
Chronobank
TIME
|
-0.098149605 |
details, prediction |
This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)